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1.Interest payment on loan taken by an individual from bank to buy a car is included in national income or not?(Specify with reason)

2.Interest payment on loan taken by an individual from a friend to buy a motar car is included in national income or not?(Specify with reason)

3.Payment of income tax by a production unit is included in national income or not?(Specify with reason

3.Fees received from students is included in national income or not?(Specify with reason)

4.Payment of interest on borrowings by general government is included in national income or not?(Specify with reason)
5.Interest payment on loan taken to buy a personal car is included in national income or not?(Specify with reason)

 1. payment of interest on loan will not be included in national income because it is transfer paymennt and no productive activity is involved

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2. payment of interest on loan will not be included in national income because it is transfer paymennt and no productive activity is involved 

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 3. fees received from students is included in the calculation of national income as it is being given as a payment for the productive activity made by the school management

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 1. payment of interest on loan will not be included in national income because it is transfer paymennt and no productive activity is involved but it will be included if the car is taken for some productive use like trnsporting good or services to be rendered etc

5. it will not be included because it is bought for personal use 

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 fees received from students is not included in the estimation of national income .because fees are paid out of the income of the parents which are already included in the estimation of national income.hence not to be included separately in national income in india.

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 payment on interest on borrowing by general govt. is not included in the estimation of national income because it is assumed that govtuses the borrowing for consumption purposes only.

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1. not included as a loan taken for consumption purpose.
2.not included because it is a non-factor receipt as the loan taken for consumption purpose.
3.(II) included as it is a PFCE.
4. not included as a loan taken for consumption purpose.
5.​not included as a loan taken for consumption purpose.
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Interest paid by an individual on a car loan taken from a bank is a national income is not

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Interest paid by an individual on a car loan from a bank is a national income
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Interest paid by an individual or Naka taken from is it will included excluded in national income
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Interest paid by individual on a car loan taken from a bank is will include excluding national income
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Which of the following is factor payment? Why or why not.
a) Interest paid on loan taken by a production unit. 
b) Interest paid on loan taken by a consumer.
 
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